Answer / libin kulamuttom

Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.

Answer / megha gera

because all losses is adjust from our assets

we are going to purchase a new office/gala . we are using tally software. in above transction we have to pay stamp duty,ragistration fees etc. my question is uder which heads i enterd above exp in tally.

1 Answers  

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If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes

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what is Penal account

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what is amalgamation?

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How to make payment for single invoice and multiple invoices

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What is the journal entry for tds collected on a cheque of Rs 50000 paid to a consultant?

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what is equity shares?

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

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Pls let me know Job profile for Account Manager.

0 Answers  

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We are facing problem in Capital Goods when our other unit send us Capital goods we book it in Fixed assets but if we transfer the same capital goods to other unit we have to make sale bill in which this item goes to inventory, and the qty is shown as negative balance, but our unit is asking for Invoice, Please explain how we will settle this qty from assets as per excise rule.

1 Answers  

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(a) What is special Audit under section 14AA of CEA? (cenvat credit Audit) (b) Who can conduct such audit? (c) Who can order such audit? (d) What is the time limit for submission of report

1 Answers  

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